Romanian RCS/RDS-owned Digi Telecommunications has acquired a 30% in the Hungarian cable operator TvNetWork for an undisclosed fee.
Romania’s RCS/RDS is holding an extraordinary meeting of shareholders today (December 22) to discuss the launch of a bond issue.
Romania’s RCS/RDS is now the second largest provider of pay-TV services in neighbouring Hungary, claiming almost 600,000 subscribers.
The Romanian telco RCS/RDS has embarked on a rare TV advertising campaign in order to attract more subscribers.
Romania’s cable industry could be about to enter a period of consolidation, with AIG-backed Digital Cable Systems (DCS) playing a key role.
Romania’s National Audiovisual Council (CAN) has granted a licence to Vox News to launch what will be the country’s third national news network.
The leading Romanian cable and DTH operator RCS/RDS plans to raise up to RON250 million (€59.5 million) in capital.